Stonebridge Preferred Income, 22 (Terminated)   Ticker: FKPHAX
 
* All distributions are considered estimated until Record Date.
** Reinvestment price reflects the price at which distributions were reinvested and applies only to units purchased through the reinvestment CUSIP.
Record
Date *
Distribution
Date
Reinvest
Date
Reinvest
Price **
Reinvest
Interest
Principal
Distributions
(per unit)
Income Distributions (per unit)
Monthly Quarterly Semi-Annual Annual
05/10/19 05/25/19 05/23/19 $9.67940 N/A --- $0.05520 --- --- ---
06/10/19 06/25/19 06/21/19 $9.79880 N/A --- $0.04720 --- --- ---
07/10/19 07/25/19 07/23/19 $9.89860 N/A --- $0.04680 --- --- ---
08/10/19 08/25/19 08/22/19 $10.00550 N/A --- $0.04680 --- --- ---
09/10/19 09/25/19 09/23/19 $10.05390 N/A --- $0.04680 --- --- ---
10/10/19 10/25/19 10/23/19 $10.06250 N/A --- $0.04600 --- --- ---
11/10/19 11/25/19 11/21/19 $9.93420 N/A --- $0.04600 --- --- ---
12/10/19 12/25/19 12/23/19 $10.03920 N/A $0.00380 $0.04600 --- --- ---
12/31/19 01/08/20 01/06/20 $10.16450 N/A --- $0.01980 --- --- ---
01/10/20 01/25/20 01/23/20 $10.12620 N/A --- $0.04600 --- --- ---
02/10/20 02/25/20 02/21/20 $10.06920 N/A --- $0.04600 --- --- ---
03/10/20 03/25/20 03/23/20 $6.91160 N/A --- $0.04600 --- --- ---
04/10/20 04/25/20 04/23/20 $9.15270 N/A --- $0.04530 --- --- ---
05/10/20 05/25/20 05/21/20 $9.29860 N/A --- $0.04530 --- --- ---
06/10/20 06/25/20 06/23/20 $9.34520 N/A --- $0.04530 --- --- ---
07/10/20 07/25/20 07/23/20 $9.51080 N/A --- $0.04590 --- --- ---
08/10/20 08/25/20 08/21/20 $9.80040 N/A --- $0.04590 --- --- ---
09/10/20 09/25/20 09/23/20 $9.60720 N/A --- $0.04590 --- --- ---
10/10/20 10/25/20 10/22/20 $9.77060 N/A --- $0.04600 --- --- ---
11/10/20 11/25/20 11/23/20 $9.95950 N/A --- $0.04600 --- --- ---
12/10/20 12/25/20 12/23/20 $9.92550 N/A $0.09140 $0.04600 --- --- ---
01/10/21 01/25/21 01/21/21 $9.83460 N/A --- $0.04530 --- --- ---
02/10/21 02/25/21 02/23/21 $9.62280 N/A --- $0.04530 --- --- ---
04/05/21 04/07/21 N/A N/A N/A $9.87470 --- --- --- ---
      Sub-Totals:          
      2019 $0.00380 $0.38080 --- --- ---
      2020 $0.09140 $0.56940 --- --- ---
      2021 $9.87470 $0.09060 --- --- ---
      Totals:          
        $9.96990 $1.04080 --- --- ---

Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and distributed to your financial reporting institution, via the Trustee, during the 1st calendar quarter annually.

Risk Considerations

Equity Risk. An investment in a portfolio containing common stocks is subject to certain risks, such as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market.

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

Foreign Securities Risk. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Preferred Securities Risk. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater credit risk than those debt instruments.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

Volatility Risk. The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cybersecurity.


Income distributions per unit will vary with changes in dividends received on the underlying securities and with changes in the trust's fees and expenses. Principal distributions per unit will be made only when the trust receives principal cash and will therefore vary. Both income and principal distributions may be affected by the sale of securities in the portfolio. Refer to the prospectus for a further discussion of the factors which could affect income and principal distributions.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

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